It’s not that strange. During World War 2, many American companies created subsidiaries to allow collaboration with Nazi Germany and Fascist Italy. Companies like Associated Press, Chase Bank, IBM, Coca-Cola, Ford. Those companies that couldn’t do so openly like Coca-Cola just created wartime units like Fanta which were later reincorporated under the parent company after the war. Some companies even received postwar reparations from the government for corporate losses while simultaneously being allowed to profit from wartime business with the enemy.
https://en.wikipedia.org/wiki/Collaboration_with_Nazi_German...
https://en.wikipedia.org/wiki/Business_collaboration_with_Na...